Millennium Management LLC Increases Stock Holdings in The Marcus Co. (NYSE:MCS)

Millennium Management LLC lifted its stake in shares of The Marcus Co. (NYSE:MCS - Free Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 353,516 shares of the company's stock after buying an additional 78,932 shares during the quarter. Millennium Management LLC owned about 1.12% of Marcus worth $7,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of MCS. Invesco Ltd. boosted its stake in Marcus by 0.8% during the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company's stock worth $1,386,000 after acquiring an additional 511 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Marcus by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock worth $191,000 after acquiring an additional 693 shares in the last quarter. Swiss National Bank boosted its stake in Marcus by 2.2% during the fourth quarter. Swiss National Bank now owns 47,100 shares of the company's stock worth $1,013,000 after acquiring an additional 1,000 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Marcus by 0.6% in the fourth quarter. Bank of Montreal Can now owns 259,666 shares of the company's stock worth $5,583,000 after buying an additional 1,536 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock worth $51,000 after buying an additional 2,298 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCS. B. Riley began coverage on shares of Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 price objective on the stock. Barrington Research reaffirmed an "outperform" rating and set a $25.00 target price on shares of Marcus in a report on Friday, May 23rd. Benchmark reissued a "buy" rating and issued a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th. Finally, Wall Street Zen cut shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.

Marcus Stock Down 0.6%

Shares of Marcus stock traded down $0.12 on Friday, reaching $18.47. The stock had a trading volume of 269,480 shares, compared to its average volume of 378,045. The company has a 50 day moving average price of $16.67 and a 200 day moving average price of $19.12. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The Marcus Co. has a 1 year low of $9.56 and a 1 year high of $23.16. The stock has a market capitalization of $578.07 million, a P/E ratio of -54.32, a P/E/G ratio of 3.12 and a beta of 1.22.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.52) by ($0.02). The business had revenue of $148.77 million for the quarter, compared to analyst estimates of $145.50 million. Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. As a group, equities research analysts forecast that The Marcus Co. will post 0.36 EPS for the current year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Tuesday, May 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus's payout ratio is presently -66.67%.

Marcus Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.